Ben got a phone call from one of his regular customers asking if he had time to repair a couple of broken sprinkler heads on the customer's underground sprinkling system. although it was already 6: 00 p. m. and ben had put in a full day of work, he turned his car around and headed for the customer's house. as a small business owner, ben demonstrates: o a) his need for additional cash flow. o b) his ability to easily adapt and respond to his customer's needs. oc the fact that it is difficult to find employees willing to go the extra mile for a small business because benefits are o d) that considering the fact that sprinkler heads are constantly breaking and need repair, his service is overpriced. c) nonexistent.

Which completes the equation? o + a + consideration (+ = k legal capacity legal capability legal injunction legal corporation

The manager of the quick stop corner convenience store (which never closes) sells four cases of stein beer each day. order costs are $8.00 per order, and stein beer costs $.80 per six-pack (each case of stein beer contains four six-packs). orders arrive three days from the time they are placed. daily holding costs are equal to 5 percent of the cost of the beer. if he were to order 16 cases of stein beer at a time, what would be the average inventory level? a. 0.25 days b. 3 days c. 1 day d. 4 days e. 20 days

Which of the following actions would be most likely to reduce potential conflicts of interest between stockholders and managers? a. change the corporation's formal documents to make it easier for outside investors to acquire a controlling interest in the firm through a hostile takeover. b. eliminate a requirement that members of the board of directors must hold a high percentage of their personal wealth in the firm's stock. c. for a firm that compensates managers with stock options, reduce the time before options are vested, i.e., the time before options can be exercised and the shares that are received can be sold. d. pay managers large cash salaries and give them no stock options. e. beef up the restrictive covenants in the firm's debt agreements.